Financial Services

Aditya Birla Capital Limited (ABCL)

Chemicals

Aditya Birla Chemicals (Thailand) (ABCTL)

Fashion

Aditya Birla Fashion and Retail Limited (ABFRL)

Real Estate

Aditya Birla Real Estate

Aditya Birla Sun Life AMC Limited (ABSLAMC)

Carbon Black

Birla Carbon

Cellulosic Fibre

Textiles

Grasim Industries Limited

Metals

Hindalco Industries Limited

Novelis Inc

Cement

UltraTech Cement Limited

Telecom

Vodafone Idea Limited (Vi)

<ul><li>Strengthens Aditya Birla Group’s U.S. operations by strategically adding Chemicals business to its $15+ billion U.S. portfolio</li><li>Expands U.S. manufacturing capacity, plans to more than double capacity over the next two years &nbsp;</li></ul> Aditya Birla Group, a leading Indian multinational conglomerate and the largest Indian investor in the United States, today announced the expansion of its U.S. Advanced Materials business with the acquisition of Cargill Incorporated’s 17-acre specialty chemical manufacturing facility in Dalton, Georgia. The acquisition continues Aditya Birla’s expansion in the United States’ manufacturing sector, a key aspect of Aditya Birla’s growth strategy, which now totals over $15 billion in investment. &nbsp;“This acquisition represents Aditya Birla’s strategic entry into the U.S. chemicals industry, extending the business model of our other successful manufacturing businesses in the United States, including <a href="/businesses/companies/novelis-inc/">Novelis </a>and <a href="/businesses/companies/birla-carbon/">Birla Carbon</a>,” said Mr. Kumar Mangalam Birla, Chairman of Aditya Birla Group. “Our growth strategy in the United States is anchored in a commitment leverage our deep manufacturing expertise to support the revitalization of the growing American manufacturing sector. We look forward to investing in and expanding this foundational facility and identifying other strategic assets to drive growth.” &nbsp;With this acquisition, the Advanced Materials business welcomes 50 employees. The business plans to expand the facility’s current capacity of 16,000 tons per year to over 40,000 tons over the next two years, affirming the business’s commitment to local operations and job creation. The acquisition was executed through Aditya Birla Chemicals (USA) Inc., a wholly owned subsidiary of <a href="/businesses/companies/aditya-birla-chemicals-thailand-abctl/">Aditya Birla Chemicals (Thailand) Ltd</a>."This acquisition by our Advanced Materials business will strengthen cooperation with customers in developing next-generation products,” said Mr. Jayant Dhobley, Business Head of CFI, Aditya Birla Group, “We remain committed to further investments at this site in the coming months and will introduce advanced technologies from our global operations.” &nbsp;Aditya Birla Group will continue to manufacture the plant’s current output of formulated resins, curing agents, reactive diluents and polyaspartic resins for the marine, industrial coatings, and flooring industries, which include epoxy resins, modifiers, curing agents, and other specialty chemicals sold under the brands CHEMCURE®, ChemMod®, Altor®, Acme Shield®, and ChemRes. &nbsp;Additionally, the Advanced Materials business will introduce products for the automotive, renewable energy and aerospace industries, including its patented chemistries to enable recycling of epoxy composites used in wind, sports goods, pressure vessels and other applications."This acquisition reinforces our commitment to expanding our Advanced Materials business in the United States and globally. Establishing a local presence in the U.S. will enable us to serve regional customers more efficiently and collaborate closely to develop tailored solutions. We are excited to leverage this facility to enhance its capabilities and broaden our product offerings for our customers,” said Mr. Rajesh Balakrishnan, CEO of Aditya Birla Group – Advanced Materials business.

Aditya Birla Advanced Materials acquires Cargill’s Specialty Manufacturing Facility in US

Aditya Birla Lifestyle Brands Limited (ABFRL) emerged after the consolidation of the apparel businesses of Aditya Birla Group, comprising ABNL's Madura Fashion division and ABNL's subsidiary Madura Lifestyle into Pantaloons Fashion and Retail (PFRL) in 2015.Post- consolidation, PFRL was renamed to Aditya Birla Fashion and Retail Ltd. In 2025, ABFRL underwent a vertical demerger of western wear brands within the Madura Fashion and Lifestyle’s business into a newly incorporated entity named as Aditya Birla Lifestyle Brands Limited (ABLBL).ABFRL now includes constituents that operate in several high-growth segments. These are<ol><li>Masstige and value retail chains: Pantaloons and Style Up</li><li>Ethnic wear portfolio: Designer-led brands of Sabyasachi, Shantnu &amp; Nikhil, Tarun Tahiliani, and House of Masaba; and premium wear ethnic brands of TASVA, Jaypore and the recently amalgamated TCNS brands such as W, Aurelia, Wishful, Elleven, and Folksong</li><li>Luxury retail business: &nbsp;The Collective, select mono brands and Galeries Lafayette</li><li>Digital-first portfolio: &nbsp;Technology-led ‘House of D2C Brands’ under its venture, TMRW</li></ol>As of December 2024, ABFRL boasts a vast retail footprint, covering over 7.2 million sq. ft. across India, with a robust network of 1,187 brand stores.

<ol><li>Two fashion entities – demerged <a href="/businesses/companies/aditya-birla-fashion-and-retail-limited-abfrl/">ABFRL </a>and ABLBL report strong profitability in a challenging growth environment.</li><li>Demerged ABFRL tripled its EBITDA to Rs. 295 Cr. driven by sharp margin expansion in Pantaloons &amp; ethnic segments</li><li>ABLBL delivered strong profits backed by industry leading LTL growth@9%&nbsp;</li><li>Demerger marks the beginning of two fashion powerhouses - Both Companies well poised for distinct value creation trajectories. <a href="/businesses/companies/aditya-birla-lifestyle-brands-limited/">ABLBL </a>to list by end of June 2025</li></ol><h3> Performance Highlights for the Quarter</h3><h4>Financial Performance</h4>The Board of Directors of the Company, at it’s meeting on 23 May, approved the results for the quarter ended 31st March 2025. These financials are post factoring in necessary adjustments under Ind AS. Please note these results should be read in conjunction with the investor presentation.Financials De-merged ABFRL<figure class="table" style="margin:0.9em 0px;"><table><tbody><tr><td>Demerged ABFRL In Rs. Cr.</td><td>Q4 FY24</td><td>Q4 FY25</td><td>Growth % (vs. LY)</td></tr><tr><td>Revenue</td><td>1575</td><td>1719</td><td>9%</td></tr><tr><td>EBITDA</td><td>98</td><td>295</td><td>202%</td></tr><tr><td>PAT</td><td>-287</td><td>-161</td><td>&nbsp;</td></tr></tbody></table></figure>&nbsp;<figure class="table" style="margin:0.9em 0px;"><table><tbody><tr><td>Demerged ABFRL In Rs. Cr.</td><td>FY24</td><td>FY25</td><td>Growth % (vs. LY)</td></tr><tr><td>Revenue</td><td>6441</td><td>7355</td><td>14%</td></tr><tr><td>EBITDA</td><td>520</td><td>854</td><td>64%</td></tr><tr><td>PAT</td><td>-907</td><td>-624</td><td>&nbsp;</td></tr></tbody></table></figure>&nbsp;<h3>De-merged Aditya Birla Fashion and Retail Limited</h3>The portfolio comprises of well diversified mix of leading brands and formats in large growth segments within the fashion space. All businesses within the portfolio continued to drive a profitable growth with a clear focus on setting up building blocks for rapid scale up in future.<ol><li>De-merged ABFRL posted 9% growth YoY in Q4, with revenue at Rs. 1719 Cr</li><li>With play across multiple high growth segments, the portfolio continues to drive profitable growth&nbsp;<ol><li>Ethnic businesses grew 19% vs LY &nbsp;<ol><li>Designer led brand portfolio grew 46% YoY with 20%+ EBITDA margin</li></ol></li><li>TMRW’s portfolio grew 27% YoY in Q4&nbsp;</li><li>Luxury Retail grew 11% vs LY this quarter</li></ol></li><li>Q4 EBITDA for the quarter stood at Rs. 295 Cr., up 202% YoY<ol><li>EBITDA margin for Q4 was 17.2%</li><li>Consecutive quarters of improved operating performance across the board&nbsp;<ol><li>Pantaloons segment margin was up ~470 bps to reach 15.1%</li><li>Ethnic brands margin stood at 10%, a ~700 bps expansion YoY</li></ol></li></ol></li><li>PAT for de-merged ABFRL was impacted by investments in newer businesses and higher interest on borrowings during the year</li><li>Post fund raise in Q4, de-merged ABFRL closed its books with gross cash of ~Rs. 2350 Cr.&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</li></ol><div class="page-break" style="page-break-after:always;">&nbsp;</div><h3>Business performance</h3>Pantaloons segment – The business recorded quarterly sales of Rs. 885 Cr. Aligned with its profitable growth agenda, EBITDA margin expanded by ~470 bps to 15.1% in Q4, driven by lower markdowns and cost control measures. Pantaloons continues to advance its premiumization strategy by enhancing design aesthetics, executing effective go-to-market initiatives, and elevating the overall retail experience.Style Up is now available in 46 stores, steadily expanding its footprint.Ethnic Brands<ul><li>Designer led brands – The designer led ethnic portfolio grew by 46% on YoY basis. Portfolio posted strong double-digit profitability this quarter.</li><li>Premium ethnic wear brands – The men’s premium ethnic wear brand TASVA’s sales were up more than 50% vs LY in Q4 on the back of a strong wedding season. TASVA achieved LTL growth of 12% in Q4, driven by product innovation and the expansion of its portfolio into a more complete and well-rounded offering. TCNS went through a transformative year where the business rationalized its distribution, revamped its planning processes, introduced fresh product lines, and revitalized the overall retail experience, resulting in 4% LTL growth in FY25. With a strong foundation now in place, TCNS is all set to pursue profitable growth ahead. &nbsp;</li></ul>Luxury Retail, comprising the multi-brand format “The Collective” and other mono brands continued its profitable growth, with a YoY revenue increase of 11% in Q4. The total network now encompasses 41 stores.TMRW portfolio grew by 27% vs LY this quarter. The organic growth was driven by product portfolio expansion, launch of new categories and brand-building initiatives. Portfolio brands accelerated their offline expansion and exited the quarter with 16 stores across the country.Way forwardWith a leading presence across multiple high-growth platforms, the demerged ABFRL is well placed to emerge as a strong diversified player in the sector. With over Rs. 2350 Cr of gross cash at consolidated level following the recent capital raise, the Company is all set to pursue aggressive growth to triple in scale and double in profitability over the next 5 years.&nbsp; &nbsp;<h3>Aditya Birla Lifestyle Brands Limited</h3><h4>Financial Performance</h4>The Board of Directors of the Company, at it’s meeting today, approved the results for the quarter ended 31st March 2025. The financials in below tables are post factoring in necessary adjustments under Ind AS and de-merger accounting. Please note these results should be read in conjunction with the investor presentation.&nbsp;&nbsp;&nbsp; &nbsp;Financials ABLBL<figure class="table" style="margin:0.9em 0px;"><table><tbody><tr><td>ABLBL In Rs. Cr.</td><td>Q4 FY24</td><td>Q4 FY25</td><td>Growth % (vs. LY)</td></tr><tr><td>Revenue</td><td>1832</td><td>1878</td><td>3%</td></tr><tr><td>EBITDA</td><td>279</td><td>330</td><td>18%</td></tr><tr><td>PAT</td><td>21</td><td>137</td><td>&nbsp;</td></tr></tbody></table></figure>&nbsp;<figure class="table" style="margin:0.9em 0px;"><table><tbody><tr><td>ABLBL In Rs. Cr.</td><td>FY24</td><td>FY25</td><td>Growth % (vs. LY)</td></tr><tr><td>Revenue</td><td>7554</td><td>7619</td><td>1%</td></tr><tr><td>EBITDA</td><td>1182</td><td>1269</td><td>7%</td></tr><tr><td>PAT</td><td>171</td><td>168</td><td>&nbsp;</td></tr></tbody></table></figure>The business continued to pursue profitability-led growth, driven by strong and consistent performance in its retail outlets and focused expansion in other channels. All formats and channels with constrained profitability were rationalised during the year. &nbsp;<ol><li>ABLBL posted 4% growth YoY, with revenue at Rs. 1942 Cr for the quarter in a tough market environment</li><li>ABLBL posted high single-digit retail LTL growth in Q4 across its brands, operating through a network of 3200+ stores. This marks the third consecutive quarter of positive LTL growth.</li><li>ABLBL EBITDA grew 18% YoY while margin stood at 17%, ~200 bps higher vs LY in Q4</li><li>Comparable PAT for ABLBL was up 36% YoY in Q4</li><li>Net debt for ABLBL was Rs. 781 Cr; expected to become debt free in the next 2-3 years</li></ol><h3> Business performance</h3>Lifestyle brands – In a sluggish market, Q4 revenue grew 5% to reach Rs. 1639 Cr. EBITDA for the business was Rs. 328 Cr. resulting in an EBITDA margin of 20%, 50 bps gain vs LY. Retail LTL for the quarter was at 9% led by strong initiatives to drive productivity. The brands are consistently evolving, focusing on elevated design, innovative features and a broader range of high-quality products that cater to diverse age groups, aligning with the shift towards premium and casual lifestyles.Other businesses within ABLBL posted 3% growth in Q4 with positive EBITDA. Collectively, these brands are available across ~350 stores, while innerwear business bolstered its reach by adding 1500+ MBOs to exit with 36500+ trade outlets.Way ForwardWith a diverse portfolio of strong brands and access to free cash flow post-demerger, the business is poised to pursue an aggressive growth trajectory going forward. It is expected to double in scale with improved profitability over the next five years, emerging as the largest branded fashion play in the country.

Aditya Birla Group’s fashion businesses post impressive quarterly performance

Grasim Industries Limited is the flagship company of Aditya Birla Group. It started as a textiles manufacturer in India in 1947. Today, it has evolved into a leading diversified player with leadership presence across many sectors. It is a leading global producer of Viscose, Diversified Chemicals, Linen Yarn and Fabrics producer in India.&nbsp;The company recently has entered paints business under the brand name ‘Birla Opus’ and would be setting up six plants of manufacturing decorative paints across Pan India locations.&nbsp;Leveraging the Group synergies, Grasim has launched “Birla Pivot”, the B2B online marketplace for building materials. Through its subsidiaries, UltraTech Cement, Aditya Birla Capital and Aditya Birla Renewables, it is also India’s prominent cement producer, leading diversified financial services player and clean energy solutions player.&nbsp;<h3>Grasim has a strong presence in the market through following businesses:</h3>Viscose Staple FibreGrasim is India's pioneer in VSF — a man-made, bio-degradable fibre that is fast emerging as a sustainable alternative to cotton. A versatile fibre, VSF is used in apparel, home textiles, dress materials, knit wears and non-woven applications. Grasim’s business, Birla Cellulose, has a range of fibres which can be used in their original form, or can be blended with all natural and synthetic fibres for enhanced comfort and feel.Starting production in 1954 at Grasim’s Nagda facility, the business has grown steadily over seven decades. The Pulp &amp; Fibre Business of Grasim derives its competitive edge from its integrated business model, with captive raw materials - dissolving grade wood pulp, caustic soda, carbon-disulphide, power generation and steam.Birla Cellulose’s product portfolio includes Livaeco™ by Birla Cellulose, Birla Modal™, Birla Excel™, Birla Viscose™ and Birla Spunshades™. Birla Cellulose fibres are of natural origin, moisture absorbent, have soft feel, and are completely biodegradable.&nbsp;Viscose Filament YarnGrasim Industries Limited is the largest viscose filament yarn (VFY) manufacturer in India and the 3rd largest globally. The company is also the largest VFY exporter in India with exports to 45 countries.VFY business became a part of Grasim Industries Limited on 1st July 2017, following the merger of Aditya Birla Nuvo Limited. Subsequently, Grasim acquired the rights to operate and manage the Century Rayon division of Century Textiles and Industries Limited (CTIL) from 1st February 2018. Since then, Grasim’s VFY production capacity has increased to 48 KTPA.Represented as the brand Raysil® (formerly known as RayOne), VFY is of 100% natural origin and its product portfolio includes 20 deniers to 1200 deniers of both bright and dope dyed viscose filament yarns. Its versatility, superior drape, fluidity and lustre make it a popular choice for manufacturing fabrics such as georgettes, crepes, chiffons, and many more.Grasim’s VFY is manufactured at its twin locations in Shahad, Maharashtra and Veraval, Gujarat.&nbsp;ChemicalsIn 1972, Grasim’s chemicals business was set up to manufacture caustic soda for the company’s VSF unit. Today, it is one of India’s largest caustic soda producers and is a market leader in the chlor-alkali segment. &nbsp;Over the years, Grasim’s chemicals business has created a strong foothold in the industry and offers a wide range of products from chlorine derivatives to epoxy.Chlor-alkali: In 2016, Grasim’s merger with Aditya Birla Chemicals India Ltd. (ABCIL) helped catapult the company’s caustic soda capacity from 452 KTPA to 884 KTPA making it the largest producer of caustic soda in India back then. Today, Grasim’s total caustic soda capacity is 1,290 KTPA. Through brownfield expansion, Grasim plans to expand the caustic soda capacity to 1,530 KTPA from 1,290 KTPA by 2024.The business uses cost-effective membrane cell technology and is largely self-sufficient in power. For gainful utilisation of chlorine, the business has portfolio of chlorine derivatives like Stable Bleaching Powder (SBP), Polyaluminium Chloride (PAC), Chlorosulphonic Acid (CSA), Chlorinated Paraffin Wax (CPW), Calcium Chloride (CaCl), Aluminium Chloride (AlCl) and Chloromethane (CMS).Epoxy: The business’ epoxy products range from basic products like liquid epoxy resins to value added products like formulated resins, reactive diluents and hardeners. The manufacturing complex at Vilayat houses a 123 KTPA capacity epoxy plant. Through expansion, Grasim plans to double the epoxy capacity to 246 KTPA by FY2024.&nbsp;TextilesGrasim ventured into the textiles industry in 1949 by setting up Jaya Shree Textiles at Rishra, West Bengal. Today, Jaya Shree Textiles is one of India’s leading linen and wool manufacturers. It has four strategic business units (SBUs) i.e., linen spinning, linen fabric, wool combing and worsted spinning. Today, Jaya Shree Textiles sells its products in over 50 countries, spanning across six continents.Jaya Shree Textiles has provided the evolving Indian fashion industry with an international edge. Finest flax is sourced from France, Belgium and other parts of Europe to make 100% pure linen. Cutting edge European technology is used to spin the fibres, weave and dye them which makes it unique and difficult to replicate. This superior technology also enables Jaya Shree Textiles to manufacture over 3000 different types of weaves, textures and blends. The company has significantly revolutionised the Indian textile market by popularising linen in India across a wide customer base with its brand ‘Linen Club’.Linen Club is the largest linen fabric brand in India with expertise in linen manufacturing and design, for more than 70 years. Linen Club is the pioneer of linen in India and is now retailed through both exclusive retail outlets and multi-brand outlets. It is the largest linen retail chain in the world.&nbsp;Know more about <a href="/businesses/brands/linen-club/">Linen Club</a>&nbsp;InsulatorsAditya Birla Insulators is India’s largest manufacturer of electrical insulators and is amongst the top four insulator manufacturers globally. It produces the widest range of insulators in India including insulators for transmission lines &amp; substations up to 1200 kV voltage level, as well as equipment &amp; railways. Its total installed manufacturing capacity is 56,400 TPA with specialisation in both ceramic and composite insulators. The company commissioned Composite Hallow Core Insulators (CHCI) plant at Halol which is a joint venture between Aditya Birla Power Composites Limited (ABPCL) with Maschinenfabrik Reinhausen GmbH of Germany in 2019.Know more about <a href="/businesses/companies/aditya-birla-insulators/">Aditya Birla Insulators</a> and <a href="/businesses/companies/aditya-birla-power-composites-limited-abpcl/">Aditya Birla Power Composites Limited</a>&nbsp;PaintsThrough Birla Opus, Grasim aims to be one of the biggest players in the fast-growing decorative paints industry. It plans to set up six manufacturing plants in Haryana, Punjab, Karnataka, Tamil Nadu, Maharashtra, and West Bengal till FY 2025 with a total capacity of 1,332 MLPA and a project cost of ₹10,000 Crore.The trial run for Birla Opus’s three plants began in the third quarter of FY23-24. It’s painting service, branded as PaintCraft, had completed projects at more than 150 sites by December 2023.&nbsp;&nbsp;B2B E-CommerceBirla Pivot, the B2B e-Commerce platform for building solutions, is a business unit of Grasim Industries Ltd. Birla Pivot will primarily focus on MSMEs in the Building Materials segment with the potential to further extend to other relevant categories. It’s key value proposition is an integrated procurement solution including on-time delivery and a superior product range at competitive pricing.&nbsp;Covering a spectrum of building materials, Birla Pivot aims to become a one-stop destination for all procurement needs. Birla Pivot has already onboarded over 120 brands and 5500+ SKUs (stock keeping units), providing its customers with a diverse range of categories &amp; products. These categories are steel, cement, tiles &amp; surfaces, ply &amp; laminates, doors, windows, sanitary &amp; bath fitting, among others. The platform is rapidly launching across North, West &amp; South India.

<figure class="table" style="margin:0.9em 0px;"><table><tbody><tr><td style="text-align:center;">Robust Allround Performance</td></tr><tr><td>Q4FY25<ul><li>Financial Performance: Highest-ever Revenue of ₹44,267 Cr. and EBITDA of ₹6,548 Cr.</li><li>Paints: Crossed 10% revenue market share*, combining Birla Opus and Birla White Putty revenues&nbsp;</li><li>B2B Ecommerce: Crossed annualized revenue run-rate (ARR) of ₹5,000 Cr.&nbsp;</li><li>Cement: Total volume grew at 17% YoY to 41.02 million tons (Mt)</li><li>Chemicals: EBITDA up 52% YoY led by improved performance in Chlor-Alkali business</li></ul>&nbsp;FY2025<ul><li>Financial Performance: Highest-ever revenue of ₹1,48,478 Cr., up 13% YoY</li><li>Paints: Current capacity represents 21% share of Indian Organised Decorative Paints industry</li><li>Cement: Added total capacity of 42.6 Mt, on track to achieve 215 Mt by FY27</li><li>Cellulosic Fibres: Highest ever revenue of ₹15,897 Cr., up 6% YoY.</li><li>Financial Services: Lending Portfolio (NBFC + HFC) up 27% YoY at ₹1,57,404 Cr.</li></ul>*Organised Decorative Paints market (internal estimates)</td></tr></tbody></table></figure>&nbsp;Grasim Industries Limited announced its Financial Results for the fourth quarter and year ended 31st March 2025.<figure class="table" style="margin:0.9em 0px;"><table><tbody><tr><td style="text-align:center;">FY25</td><td style="text-align:center;">FY24</td><td style="text-align:center;">YoY</td><td style="text-align:center;">&nbsp;</td><td style="text-align:center;">Q4FY25</td><td style="text-align:center;">Q4FY24</td><td style="text-align:center;">YoY</td></tr><tr><td style="text-align:center;">1,48,478 &nbsp;&nbsp;&nbsp;</td><td style="text-align:center;">1,30,978 &nbsp;&nbsp;&nbsp;</td><td style="text-align:center;">13%</td><td style="text-align:center;">Revenue</td><td style="text-align:center;">44,267</td><td style="text-align:center;">37,727</td><td style="text-align:center;">17%</td></tr><tr><td style="text-align:center;">20,023</td><td style="text-align:center;">20,837</td><td style="text-align:center;">(4%)</td><td style="text-align:center;">EBITDA</td><td style="text-align:center;">6,548</td><td style="text-align:center;">6,196</td><td style="text-align:center;">6%</td></tr><tr><td style="text-align:center;">3,902</td><td style="text-align:center;">6,163</td><td style="text-align:center;">(37%)</td><td style="text-align:center;">PAT^</td><td style="text-align:center;">1,559</td><td style="text-align:center;">1,908</td><td style="text-align:center;">(18%)</td></tr></tbody></table><figcaption>CONSOLIDATED FINANCIAL RESULTS(₹Cr.)</figcaption></figure>^owner’s share of PAT excluding exceptional and one-off items. &nbsp;<h3>FY25 Consolidated Performance&nbsp;</h3>Revenue reached an all-time high of ₹1,48,478 Cr., up by 13% YoY, led by superior performance across key business segments. Specifically, the Building Materials and Financial Services businesses delivered a robust performance. EBITDA for the year stood at ₹20,023 Cr., down by 4% YoY due to initial investments for building a strong consumer-facing Paints business, Birla Opus. PAT stood at ₹3,902 Cr., lower by 37% YoY due to higher interest and depreciation charges on account of investments in the Building Materials business.&nbsp;&nbsp;&nbsp; &nbsp;<h3>Q4FY25 Performance</h3>The company reported highest-ever quarterly consolidated Revenue and EBITDA at ₹44,267 Cr., up 17% YoY and ₹6,548 Cr., up 6% YoY respectively. This is led by superior performance in Cement, Chemicals and Financial Services businesses. Higher interest and depreciation cost led to lower PAT at ₹1,559 Cr.&nbsp;At Standalone level, Revenue growth was impressive at 32% YoY, reflecting the strategic success of our New Businesses and sustained strength of our Core businesses.&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<h3>Cellulosic Fibres (Cellulosic Staple Fibre: CSF and Cellulosic Fashion Yarn: CFY)&nbsp;</h3>As approved by the Board, the work has commenced on the first phase of Lyocell Fibre project of 55K TPA (total capacity 110K TPA) at Harihar, Karnataka. The project is expected to be completed by mid-2027.&nbsp;CSF prices improved marginally in China, reflecting an improving demand scenario and stable operating rates of &gt;85%. However, China average inventory holding increased to 14 days in Q4FY25, higher than FY24 average inventory holding of 13 days.&nbsp;Domestic sales volumes of CSF grew by 4% YoY, though overall CSF sales volume stood flat. CFY business recorded volume growth of 3% YoY, however realisations remained under pressure due to higher low-priced imports from China on a YoY basis in an already weak demand market. Total revenue for the Cellulosic Fibres segment grew by 8% YoY to ₹4,051 Cr. The business EBITDA was lower by 36% YoY at ₹293 Cr. due to increased key input costs that were absorbed by the company and not fully offset by corresponding price hikes.&nbsp;&nbsp;&nbsp; &nbsp;<h3>Chemicals (Chlor-Alkali, Chlorine Derivatives and Specialty Chemicals)</h3>International Caustic Soda (CFR-SEA) average spot prices for Q4FY25 stood at a two-year high level of $525/ton, up 16% YoY. Likewise, caustic realisations in domestic markets also improved. However, the continued oversupply of Chlorine leading to higher negative Chlorine realisations restricted growth in ECU which stood at ₹35,137/ton.Caustic soda sales volume stood at 290 KT, down 6% YoY, owing to lower production due at Karwar and Vilayat plants impacted by temporary shut down and power constraints, respectively. The Chemicals business revenue was up by 10% YoY at ₹2,302 Cr. The business EBITDA increased by 52% YoY at ₹296 Cr. led by improved realization in Caustic Soda and better profitability of Chlorine Derivatives.&nbsp;&nbsp;&nbsp; &nbsp;<h3>Building Materials (Cement, Paints and B2B E-commerce)</h3>Building Materials segment is expanding capacities to meet the growing demand from infrastructure and Housing segments. The business reported revenue of ₹25,232 Cr., up 21% YoY, led by all-round performance across Cement, Paints and B2B Ecommerce. EBITDA stood at ₹4,406 Cr., up 6% YoY, led by improved profitability in the Cement business. The new businesses are in investment mode, with a clear roadmap for profitable growth in the coming years.Growth in the cement business (UltraTech) was driven by higher sales volumes, up 17% YoY to 41.02 million tons (Mt). Ready-mix concrete sales volumes grew by 19% YoY to 3.98 Mn m3. Cement business’s expansion program is progressing well, with current (May-25) total grey cement capacity at 190.16 Mtpa, expected to reach over 215 Mtpa by FY27. UltraTech Building Solutions (UBS) outlets increased by 663 outlets YoY to 4,615, contributing 21.3% of domestic grey cement sales volume. Domestic operating EBITDA/MT stood at ₹1,270, up 7% YoY. Renewable power capacity reached 1.02 GW and WHRS power reached 342 MW increasing the total green power mix to 35.7% in Q4FY25 compared to 25.7% in Q4FY24.Within 6 months of Pan India Operations, Birla Opus, by itself, has become India’s #3 Decorative Paints brand (internal estimates) based on Q4FY25 exit revenue run-rate. When combining Q4FY25 revenues of Birla Opus and Birla White Putty, the revenue market share has crossed 10% of the Organised Decorative Paints market. Commercial production has already started at 5 plants with a capacity of 1,096 MLPA out of total planned capacity of 1,332 MLPA of 6 plants. Post commercial production at the 6th plant (Kharagpur, West Bengal), expected from H1FY26, Birla Opus would have ~24% of the industry capacity in the Organised Decorative Paints market. In FY25, Birla Opus successfully launched its comprehensive portfolio of 176 products and 1,250 SKUs across key categories including water-based emulsions, enamel paints, wood finishes, waterproofing solutions, and more. The superior quality of these products is garnering excellent response from consumers, builders, architects, designers, painters, and dealers alike. Media investments during H2FY25 propelled Birla Opus to become the 2nd most visible paints brand nationwide. In its first year of operations, Birla Opus Studios (own customer experience stores) reached 8 major cities and Birla Opus Paint Gallery (franchisee operated experience exclusive stores) built a retail footprint across 300+ towns. The product reach has increased to 6,600+ towns being serviced from 137 depots operational across India. The total Capex for the business stood at ₹9,352 Cr. till 31st March 2025, ~94% of the planned Capex outlay.&nbsp;B2B E-Commerce business (Birla Pivot) continues its journey in building a comprehensive B2B platform driving digital adoption across the entire distribution chain in the construction materials industry. The annualised revenue run-rate (ARR) has crossed milestone of ₹5,000 Cr. based on Q4FY25 revenue, and the business remains on track to achieve revenue of ₹8,500 Cr. ($1billion) by FY27. The business continues to expand its private label portfolio across Tiles, Ply and Bathware categories. Birla Pivot continues to enhance user experience providing B2C like fulfilment experience for B2B including real time track &amp; trace and delivery modules.&nbsp;&nbsp;&nbsp; &nbsp;<h3>Financial Services (Aditya Birla Capital)&nbsp;</h3>Financial Services business revenue, as consolidated in accordance with Ind AS, stood at ₹12,197 Cr., up 16% YoY. As on 31st March 2025, the overall lending portfolio (NBFC and HFC) stood highest-ever at ₹1,57,404 Cr. up 27% YoY. Total AUM (AMC, life insurance and health insurance) stood at ₹5,11,260 Cr., up 17% YoY. The business D2C platform, ABCD (Aditya Birla Capital Digital), which offers a one-stop solution for a range of financial services fulfilling customers’ financial needs, has witnessed a strong response with about 5.5 million customer acquisitions (till Apr-25). Udyog Plus, the channel addressing the needs of MSMEs, has crossed total AUM of ~₹3,500 Cr. The business expanded its physical footprint to 1,623 branches in Q4FY25 from 1,474 in Q4FY24, aiming to enhance penetration into tier 3 and tier 4 towns and tap into new customer segments.&nbsp;&nbsp;&nbsp; &nbsp;<h3>Other Businesses (Textiles, Renewables, and Insulators)&nbsp;</h3>Revenue from Other Businesses stood at ₹898 Cr., up 14% YoY and EBITDA stood at ₹139 Cr., up 33% YoY primarily driven by Renewables business. The cumulative installed capacity of Renewable business stood at ~1.5 GWp, up 64% from 894 MWp in Mar’24. Textiles business revenue stood at ₹547 Cr., up 2% YoY however EBITDA was impacted by exceptional high input prices in linen segment.&nbsp;&nbsp;&nbsp; &nbsp;<h3>Dividend</h3>The Board of Directors of Grasim has recommended a dividend of ₹10 per equity share of ₹2 fully paid-up for the year ended 31st March 2025. The total outflow on account of the dividend would be ₹681 Cr.&nbsp; &nbsp;<h3>Capital Expenditure (on Standalone basis)</h3>Capital expenditure for the year on Standalone businesses stood at ₹3,513 Cr. of which ~65% i.e. ~₹2,300 Cr. is spent on new businesses, Paints and B2B E-commerce.&nbsp;&nbsp;&nbsp; &nbsp;<h3>Sustainability (on Standalone basis)</h3>The Company’s Paints plants meet stringent sustainability norms and are climate finance compliant as per International Finance Corporation (IFC) funding norms. Grasim continues to reinforce its commitment to sustainability by enhancing renewable energy usage and resource consumption efficiency. The ratio of recycled to freshwater consumption improved to 51% in FY25, including the water requirement of new businesses compared to 50% in the previous year and the share of renewable power was maintained at 11%.&nbsp;&nbsp;&nbsp; &nbsp;<h3>Outlook</h3>Grasim’s standalone business is undergoing a strategic transformation, marked by a decisive foray into consumer-facing and digital ventures, in decorative paints and B2B E-commerce for construction materials. The rapid scale-up of these verticals signals the emergence of robust new growth engines in a fast-evolving economic landscape. These new high-growth businesses are now well poised to complement Grasim’s legacy of manufacturing-led growth. With a fortified and future-forward portfolio, Grasim is now uniquely positioned to align with, and actively contribute to, the government’s ambitious vision for a Viksit Bharat, a developed India anchored in innovation, infrastructure, and inclusive growth.

Grasim Q4FY25 and FY2025 financial results: creating and scaling growth engines for ‘viksit bharat’

Hindalco Industries Limited is the metals flagship company of Aditya Birla Group. It is one of Asia’s largest producers of primary aluminium (excluding China), and with its subsidiary Novelis, a global leader in flat rolled products and the world’s largest recycler of aluminium.In India, Hindalco is the largest aluminium downstream player providing customised solutions in flat rolled products and extruded aluminium solutions.Hindalco is India’s largest copper producer, contributing significantly to India’s domestic refined copper requirements. Its copper facility in India comprises a world-class copper smelter, downstream facilities, and a captive jetty.Hindalco operates across the value chain, from bauxite mining, alumina refining, coal mining, captive power plants, and aluminium smelting to downstream rolling, extrusions, and foils. It serves key sectors such as aerospace and defence, building and construction, electricals, and electronics, automotive and transport, beverage packaging, consumer durables and kitchenware, pharmaceuticals and food packaging, EV and renewables, refractories, and ceramics.Hindalco’s global footprint spans 52 manufacturing units across 10 countries-20 plants in India, and 32 overseas units. Hindalco also operates 23 mines. With a cross-cultural workforce of more than 68,500 people, it remains committed to building an agile, responsive, and productive work environment in line with our strategic priorities of value enhancing growth and strong ESG commitment. &nbsp;<h3>Products</h3>Aluminium<ul><li>Primary aluminium</li><li>Aluminium value added.</li><li>Flat Rolled Products (FRP)</li><li>Extrusions</li><li>Foils and packaging solutions</li><li>Metallurgical alumina &nbsp;</li></ul>Copper<ul><li>Cathodes</li><li>Continuous Cast Rods (CCR)</li><li>Gold and silver</li><li>By-products</li><li>Di-Ammonium Phosphate (DAP)</li><li>Sulphuric acid &nbsp;</li></ul>Chemicals<ul><li>Calcined alumina</li><li>Alumina hydrate</li><li>Sustainability</li></ul> Guided by its purpose of building a Greener, Stronger, Smarter world, Hindalco has made sustainability the backbone of its operations and strategy. Some key initiatives include global-first circular economy solutions that utilise bauxite residue as an industry input rather than waste and pioneering responsible mining through developing India’s first Sustainable Mining Charter. Initiatives for carbon neutrality, water positivity, biodiversity, and zero waste to landfill have contributed to Hindalco being recognised as the world’s most sustainable aluminium company by the Dow Jones Sustainability Indices in 2020 and 2021.&nbsp; Hindalco drives R&amp;D in aluminium solutions because these can play a big role in delivering climate action and sustainable decarbonisation for the nation. We innovated India’s first aluminium trailer, bulker, and bus which can save up to 300 tonnes of carbon per vehicle over their lifetime. We are building new-age rail and transport solutions for freight and passenger transport. We are creating an Aluminium-Air battery that does not require a charging infrastructure.

<h3>FY25 – Key Highlights</h3><ul><li>Revenue at a record ₹2,38,496 crore, up 10%</li><li>All-time high Consolidated EBITDA at ₹35,496 crore, up 38%</li><li>Record Aluminium Upstream EBITDA at ₹16,262 crore, up 78%&nbsp;</li><li>Record Aluminium Downstream EBITDA at ₹633 crore, up 16%</li><li>Highest-ever Copper EBITDA at ₹3,025 crore, up 16%&nbsp;</li><li>Novelis’ Net Income (attributable to our common shareholder) at $683 million, up 14%</li><li>Consolidated Net Debt to EBITDA at 1.06x as of March 31, 2025 vs 1.21x a year ago</li><li>Board recommends dividend @500%(₹5/share) for FY25 vs 350%(₹3.5/share) for FY24 up 43%</li></ul><h3> Q4 FY25 – Key Highlights &nbsp;</h3><ul><li>Revenue at a record ₹64,890 crore, up 16%</li><li>All-time high Consolidated EBITDA at ₹10,296 crore, up 43%</li><li>Record Aluminium Upstream quarterly EBITDA at ₹4,838 crore, up 79%&nbsp;</li><li>Industry best Aluminium Upstream EBITDA margins at 47%</li><li>Highest Aluminium Downstream quarterly EBITDA at ₹219 crore, up 52%</li><li>Record domestic Copper Rod Sales of over 100 KT</li><li>Novelis’ Net Income (attributable to our common shareholder) at $294 million, up 77%</li><li>10,000 Aluminium Battery Enclosures delivered to Mahindra</li></ul> <a href="/businesses/companies/hindalco-industries-limited/">Hindalco Industries Limited</a>, <a href="/our-story/group-purpose/">Aditya Birla Group</a> metals flagship, today reported results for the quarter and year ended March 31, 2025. The company reached a new milestone in financial performance by posting its highest-ever Revenue, EBITDA and PAT for the quarter and full year. Consolidated EBITDA for the fourth quarter stood at ₹10,296 crore, up 43% from the year ago-quarter, and Net Profit increased to ₹5,284 crore, up 66% over the prior year period.The outstanding results were driven by a strong performance by the Indian operations, supported by favourable macros and lower inputs costs. Despite headwinds, <a href="/businesses/companies/novelis-inc/">Novelis </a>delivered a resilient performance with strong shipments in both the fourth quarter and the full year, led by robust demand for beverage packaging. &nbsp;<figure class="table"><table><tbody><tr><td>Particulars</td><td style="text-align:center;">Q4 FY24</td><td style="text-align:center;">Q3 FY25</td><td style="text-align:center;">Q4 FY25</td><td style="text-align:center;">FY24</td><td style="text-align:center;">FY25</td></tr><tr><td>Revenue from Operations</td><td style="text-align:center;">55,994</td><td style="text-align:center;">58,390</td><td style="text-align:center;">64,890</td><td style="text-align:center;">2,15,962</td><td style="text-align:center;">2,38,496</td></tr><tr><td>Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA)</td><td style="text-align:center;">7,201</td><td style="text-align:center;">8,108</td><td style="text-align:center;">10,296</td><td style="text-align:center;">25,728</td><td style="text-align:center;">35,496</td></tr><tr><td>Profit before Depreciation and Tax (PBDT)</td><td style="text-align:center;">6,313</td><td style="text-align:center;">7,291</td><td style="text-align:center;">9,422</td><td style="text-align:center;">21,870</td><td style="text-align:center;">32,077</td></tr><tr><td>Profit Before Tax (After Exceptional Item)</td><td style="text-align:center;">4,136</td><td style="text-align:center;">5,296</td><td style="text-align:center;">6,550</td><td style="text-align:center;">14,012</td><td style="text-align:center;">22,337</td></tr><tr><td>Profit/ (Loss) After Tax (PAT)</td><td style="text-align:center;">3,174</td><td style="text-align:center;">3,735</td><td style="text-align:center;">5,284</td><td style="text-align:center;">10,155</td><td style="text-align:center;">16,002</td></tr><tr><td>EPS (₹/Share) - Basic</td><td style="text-align:center;">14.29</td><td style="text-align:center;">16.82</td><td style="text-align:center;">23.80</td><td style="text-align:center;">45.71</td><td style="text-align:center;">72.05</td></tr></tbody></table><figcaption>Summary of Consolidated Financial Highlights for the Quarter and Full Year ended March 31, 2025 (₹ Crore)</figcaption></figure>&nbsp;Commenting on the results, Mr. Satish Pai, Managing Director, Hindalco Industries, said, “Hindalco delivered an all-time high performance in FY25, driven by strong operational resilience, cost discipline, and continued momentum across all our businesses. Our Aluminium Upstream business in India remained a strong anchor, complemented by robust growth in the downstream business. The Copper business achieved a record EBITDA backed by strong value-added product sales. Despite tighter scrap spreads, Novelis delivered a resilient performance through increased beverage can shipments.Hindalco is poised to enter a phase of accelerated growth backed by robust resource security in bauxite and coal and strengthened by strategic investments across Aluminium and Copper. Our copper smelter expansion, e-waste recycling and copper value-added products, are progressing steadily, while in Specialty Alumina, we are scaling up with a differentiated, high-value portfolio.With strategic investments in people, production, and technology, Hindalco is all set to offer industry solutions that are innovative, sustainable, and future-ready, aligning to its core philosophy of ‘Engineering Better Futures’.On the ESG front, we continue to make progress on climate actions, waste recycling, water conservation, and biodiversity protection, solidifying our position as the World’s Most Sustainable Aluminium Company in 2024.”<h3> Segment-wise Performance for Q4 FY25</h3><h4>Novelis (As per US GAAP)</h4><figure class="table" style="float:left;"><table><tbody><tr><td>Particulars</td><td style="text-align:center;">UOM</td><td style="text-align:center;">Q4 FY24</td><td style="text-align:center;">Q4 FY25</td><td style="text-align:center;">FY24</td><td style="text-align:center;">FY25</td></tr><tr><td>Shipments</td><td style="text-align:center;">KT</td><td style="text-align:center;">&nbsp;951</td><td style="text-align:center;">&nbsp;957</td><td style="text-align:center;">3673</td><td style="text-align:center;">3757</td></tr><tr><td>Revenue</td><td style="text-align:center;">$ Bn</td><td style="text-align:center;">4.1</td><td style="text-align:center;">4.6</td><td style="text-align:center;">16.2</td><td style="text-align:center;">17.1</td></tr><tr><td>Adjusted EBITDA</td><td style="text-align:center;">$ Mn</td><td style="text-align:center;">514</td><td style="text-align:center;">473</td><td style="text-align:center;">1873</td><td style="text-align:center;">1802</td></tr><tr><td>EBITDA/ton &nbsp; &nbsp;</td><td style="text-align:center;">$/ton</td><td style="text-align:center;">540</td><td style="text-align:center;">494</td><td style="text-align:center;">510</td><td style="text-align:center;">480</td></tr></tbody></table></figure><div class="page-break" style="page-break-after:always;">&nbsp;</div><ul><li>Shipments at 957 KT, up 1% YoY&nbsp;&nbsp;</li><li>Revenue at $4.6 billion, up 13%, driven by higher average aluminium prices&nbsp;&nbsp;</li><li>Adjusted EBITDA at $473 million, down 8% impacted by higher aluminium scrap prices and operating costs, partially offset by higher product pricing&nbsp;&nbsp;</li><li>Net Income at $294 million, up 77%, primarily driven by favourable metal price lag, gains in unrealized derivatives, and a lower income tax provision&nbsp;&nbsp;</li><li>Maintained recycled content at 63% in FY25&nbsp;&nbsp;</li><li>Novelis commissioned two recycling centres (UAL, Guthrie) during FY25 to drive increased scrap consumption&nbsp;&nbsp;</li><li>Novelis’ Bay Minette and other strategic investments projects remain on track</li></ul><div class="page-break" style="page-break-after:always;">&nbsp;</div><h4> Aluminium (India)</h4>Aluminium Upstream:<figure class="table" style="float:left;"><table><tbody><tr><td>Particulars (Aluminium Upstream)</td><td style="text-align:center;">UOM</td><td style="text-align:center;">Q4 FY24</td><td style="text-align:center;">Q4 FY25</td><td style="text-align:center;">FY24</td><td style="text-align:center;">FY25</td></tr><tr><td>Shipments</td><td style="text-align:center;">KT</td><td style="text-align:center;">337</td><td style="text-align:center;">332</td><td style="text-align:center;">1,346</td><td style="text-align:center;">1,327</td></tr><tr><td>Revenue</td><td style="text-align:center;">₹ Cr</td><td style="text-align:center;">8,469</td><td style="text-align:center;">10,311</td><td style="text-align:center;">32,382</td><td style="text-align:center;">38,268</td></tr><tr><td>Segment EBITDA</td><td style="text-align:center;">₹ Cr</td><td style="text-align:center;">2,709</td><td style="text-align:center;">4,838</td><td style="text-align:center;">9,161</td><td style="text-align:center;">16,262</td></tr><tr><td>EBITDA/tonne</td><td style="text-align:center;">$/ton</td><td style="text-align:center;">967</td><td style="text-align:center;">1,684</td><td style="text-align:center;">822</td><td style="text-align:center;">1,449</td></tr></tbody></table></figure><div class="page-break" style="page-break-after:always;">&nbsp;</div><ul><li>Quarterly Upstream revenue at ₹10,311 crore, up 22% YoY&nbsp;&nbsp;</li><li>Record Aluminium Upstream EBITDA at ₹4,838 crore, up 79% YoY, driven by lower input costs and favourable macros&nbsp;&nbsp;</li><li>Aluminium Upstream EBITDA per tonne at $1,684, up 74%, with industry-best margins of 47%&nbsp;&nbsp;</li><li>Hindalco secures Meenakshi coal mines with an annual capacity of 12 million tonnes, boosting resource securitization &nbsp;</li></ul>Aluminium Downstream:<ul><li>Sales of Aluminium Downstream at 105 KT, flat YoY&nbsp;&nbsp;&nbsp;</li><li>Downstream revenue at ₹3,595 crore, up 23% YoY&nbsp;&nbsp;</li><li>Record Aluminium Downstream EBITDA at ₹219 crore, up 52% due to favourable product mix&nbsp;&nbsp;</li><li>Downstream EBITDA per tonne at $240, up 46% YoY&nbsp;&nbsp;</li><li>10,000 aluminium battery enclosures delivered for Mahindra’s e-SUVS – BE 6 and XEV 9e, from Hindalco’s dedicated EV component manufacturing facility in Chakan</li></ul><h4> Copper (India)</h4><figure class="table" style="float:left;"><table><tbody><tr><td>Particulars</td><td style="text-align:center;">UOM</td><td style="text-align:center;">Q4 FY24</td><td style="text-align:center;">Q4 FY25</td><td style="text-align:center;">FY24</td><td style="text-align:center;">FY25</td></tr><tr><td>Metal Sales^</td><td style="text-align:center;">KT</td><td style="text-align:center;">135</td><td style="text-align:center;">135</td><td style="text-align:center;">506</td><td style="text-align:center;">491</td></tr><tr><td>^Of which CCR Sales</td><td style="text-align:center;">KT</td><td style="text-align:center;">98</td><td style="text-align:center;">109</td><td style="text-align:center;">389</td><td style="text-align:center;">394</td></tr><tr><td>Revenue</td><td style="text-align:center;">₹ Cr</td><td style="text-align:center;">13,424</td><td style="text-align:center;">14,565</td><td style="text-align:center;">49,321</td><td style="text-align:center;">54,703</td></tr><tr><td>Segment EBITDA</td><td style="text-align:center;">₹ Cr</td><td style="text-align:center;">776</td><td style="text-align:center;">614</td><td style="text-align:center;">2,616</td><td style="text-align:center;">3,025</td></tr></tbody></table></figure><div class="page-break" style="page-break-after:always;">&nbsp;</div><ul><li>Copper metal sales at 135 KT, flat YoY&nbsp;&nbsp;&nbsp;</li><li>Record Copper Continuous Cast Rod (CCR) sales at 109 KT, up 12%&nbsp;&nbsp;&nbsp;</li><li>Revenue at ₹14,565 crore, up 8%&nbsp;&nbsp;&nbsp;</li><li>Maintained healthy EBITDA of ₹614 crore, despite sharply declining TC/RCs&nbsp;&nbsp;</li><li>Copper Tubes project in commissioning phase&nbsp;&nbsp;</li><li>Construction of copper recycling project progressing on schedule&nbsp;</li></ul><h3> Awards and Recognition</h3><ul><li>Hindalco Copper, Dahej conferred the CII National Award for Excellence in Water Management&nbsp;</li><li>Belagavi Alumina Plant recognized with the GreenCo Gold Award from CII for its green manufacturing and sustainability initiatives</li><li>Hindalco in Top 10 of the ‘Great Place to Work’ list in Health and Wellness for 2024</li><li>Novelis honoured with Embraer Best Supplier Award in the Standards &amp; Materials category&nbsp;</li><li>Novelis recognised with Sustainability Excellence Award at the Coca-Cola Supplier Summit</li></ul>

Hindalco Q4 FY25 Results: FY25 Consolidated PAT up 58%; Q4 Consolidated PAT up 66% 

Aditya Birla Capital Limited (ABCL) is a listed systemically important non-deposit taking Non-Banking Financial Company (NBFC) and the holding company of the financial services businesses of the Aditya Birla Group.Through its subsidiaries/JVs, ABCL provides a comprehensive suite of financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse needs of customers across their lifecycles.Powered by over 59,000 employees, the businesses of ABCL have a nationwide reach with over 1,482 branches and more than 200,000 agents/channel partners along with several bank partners.As of December 31, 2024, Aditya Birla Capital Limited manages aggregate assets under management of over Rs. 5.03 Lakh Crore with a consolidated lending book of over Rs 1.46 Lakh Crore through its subsidiaries/JVs.&nbsp; &nbsp;<h3>Aditya Birla Capital Limited is the holding company of all the following financial services businesses:</h3><ul><li>Aditya Birla Health Insurance Limited</li><li>Aditya Birla Housing Finance Limited</li><li>Aditya Birla Insurance Brokers Limited</li><li>Aditya Birla Sun Life Asset Management Company</li><li>Aditya Birla Sun Life Insurance</li><li>Aditya Birla Sun Life Mutual Fund</li><li>Aditya Birla Sun Life Pension Management Limited</li><li>Aditya Birla Asset Reconstruction Company Limited&nbsp; &nbsp;</li></ul><h3>Products</h3><h4>Finance</h4><ul><li>Home finance</li><li>Personal finance</li><li>SME finance</li><li>Real estate finance</li><li>Project finance</li><li>Loan again securities</li><li>Corporate finance</li><li>Debt capital market</li><li>Loan syndication &nbsp;</li></ul><h4>Asset management</h4><ul><li>Mutual funds</li><li>Wealth</li><li>Stocks and securities</li><li>Private equity</li><li>PMS</li><li>Real estate investment</li><li>Pension funds &nbsp;</li></ul><h4>Insurance</h4><ul><li>Life insurance</li><li>Health insurance</li><li>Motor insurance</li><li>Corp general insurance</li><li>Travel insurance &nbsp;</li></ul><h4>Advisory</h4><ul><li>Money advise tool</li></ul>

<ul><li>Consolidated Revenue1: &nbsp;14,138 crore in Q4 FY25 (↑13% y-o-y) and &nbsp;47,369 crore (↑ 20% y-o-y) in FY25&nbsp;</li><li>Consolidated operating profit1,2: &nbsp;1,672 crore in Q4 FY25 (↑25% y-o-y) and 5,475 crore (↑ 19% y-o-y) in FY25 &nbsp;</li><li>NBFC AUM: 1,26,351 crore (↑ 20% y-o-y and 6% q-o-q)</li><li>HFC AUM: 31,053 crore (↑ 69% y-o-y and 16% q-o-q)</li><li>Mutual fund quarterly average AUM: 3,81,724 crore (↑ 15% y-o-y)</li><li>Life insurance individual first year premium: ` &nbsp;4,115 crore in FY25 (↑ 34% y-o-y)</li><li>Health insurance gross written premium: 4,940 crore in FY25 (↑ 33% y-o-y)&nbsp;</li><li>Udyog Plus, B2B platform for MSMEs crossed &nbsp;3,500 crore AUM till date</li><li>ABCD, omnichannel D2C platform with ~ 5.5 mn customer acquisitions till date</li></ul>&nbsp;Aditya Birla Capital Limited (“The Company”) announced its audited financial results for the quarter and year ended March 31, 2025.The consolidated revenue1 grew by 13% year-on-year to 14,138 crore in Q4 FY25 and 20% year-on-year to 47,369 crore in FY25. The consolidated operating profit grew by 25% year-on-year to &nbsp;1,672 crore in Q4 FY25 and 19% year-on-year to &nbsp;5,475 crore in FY25. The consolidated profit after tax grew by 6% year-on-year to 865 crore in Q4 FY25 and 8% year-on-year to 3,142 crore in FY25. The overall lending portfolio (NBFC and HFC) grew by 27% year-on-year and 8% sequentially to 1,57,404 crore as on March 31, 2025. The total AUM (AMC, life insurance and health insurance) grew by 17% year-on-year to 5,11,260 crore as on March 31, 2025. The total premium (life insurance and health insurance) grew by 22% year-on-year to 25,579 crore in FY25.The Company’s omnichannel architecture allows customers to choose the channel of their choice and interact seamlessly across digital platforms, branches and VRMs, fostering engagement and loyalty. The Company’s D2C platform, ABCD offers a comprehensive portfolio of more than 25 products and services such as payments, loans, insurance, and investments. It helps customers to fulfil their financial needs and serves as an acquisition engine for the Company. The platform has witnessed a strong response with about 5.5 million customer acquisitions till date.&nbsp;The comprehensive B2B platform for the MSME ecosystem, Udyog Plus, offers seamless, paperless digital journey for business loans, supply chain financing and a host of other value-added services. It has scaled up significantly with more than 2.2 million registrations. The Company is also seeing an increased adoption from its existing customers, and as a result the total portfolio of Udyog Plus has crossed &nbsp;3,500 crore as of March 31, 2025.&nbsp;The Company also continues to expand its physical footprint with a pan-India presence of 1,623 branches across all businesses as of March 31, 2025. The branch expansion is targeted at driving penetration into tier 3 and tier 4 towns and new customer segments.The Board of Directors of the Company and Aditya Birla Finance had approved the Scheme of Amalgamation of Aditya Birla Finance Limited, the Company’s wholly owned subsidiary with itself. The amalgamation has been successfully completed following all requisite approvals. The appointed date of amalgamation is April 1, 2024 and effective date is April 1, 2025. The Company now has two business segments, the NBFC lending business and the investment business through which it will continue to hold investments in all its subsidiaries, JVs and associate businesses.&nbsp;&nbsp; &nbsp;<h3>Highlights of NBFC business&nbsp;</h3><ul><li>Disbursements grew by 28% sequentially and 8% year-on-year to 19,523 crore in Q4 FY25</li><li>AUM grew by 6% sequentially and 20% year-on-year and to 1,26,351 crore&nbsp;</li><li>Loans to Retail, SME and HNI customers constitute 64% of the total portfolio&nbsp;</li><li>Profit before tax grew by 11% year-on-year to 877 crore in Q4 FY25 and 12% year-on-year to 3,360 crore in FY25</li><li>Return on assets was 2.25% in Q4 FY25 and 2.27% in FY25</li><li>Gross stage 2 and 3 ratio improved by 47 bps sequentially and 71 basis points year-on-year to 3.78%</li></ul><h3> Highlights of Housing Finance business&nbsp;</h3><ul><li>Disbursements grew by 98% year-on-year to &nbsp;5,820 crore in Q4 FY25 and 109% year-on-year &nbsp;to 17,468 crore in FY25</li><li>AUM grew by 69% year-on-year and 16% sequentially to 31,053 crore&nbsp;</li><li>Profit before tax grew by 28% year-on-year to ` 121 crore in Q4 FY25 and 11% year-on-year to ` 419 crore in FY25</li><li>Return on assets was 1.44% in Q4 FY25 and 1.46% in FY25</li><li>Return on equity was 10.95% in Q4 FY25 and 11.03% in FY25&nbsp;</li><li>Gross stage 3 ratio improved by 33 bps sequentially and 116 basis points year-on-year to 0.66%</li></ul><h3> Highlights of Asset Management business&nbsp;</h3><ul><li>Mutual fund quarterly average assets under management (QAAUM) grew by 15% year-on-year to 3,81,724 crore in Q4 FY25, with equity mix at 44.3%</li><li>Equity QAAUM grew by 11% year-on-year to 1,69,065 crore in Q4 FY25</li><li>Individual monthly average assets under management grew by 6% year-on-year to 1,84,471 crore</li><li>Monthly systematic investment plan (SIP) flows grew by 5% year-on-year to 1,316 crore in March 2025</li><li>Operating profit grew by 20% year-on-year to 233 crore in Q4 FY25 and 31% year-on-year to 944 crore in FY25</li></ul><h3> Highlights of Life Insurance business&nbsp;</h3><ul><li>Individual First Year Premium (FYP) grew by 34% year-on-year to 4,115 crore in FY25</li><li>Group New Business Premium grew by 23% year-on-year to 5,586 crore in FY25</li><li>Market share in individual FYP increased by 68 basis points year-on-year to 4.84% in FY25</li><li>13th month persistency continued to be top quartile in industry at 88% in FY25</li><li>Value of new business (VNB) grew by 17% year-on-year to 818 core with Net VNB margin at 18.0% in FY25</li><li>Embedded value grew by 20% year-on-year to 13,812 crore as of March 31, 2025</li><li>AUM of life insurance business crossed 1 lakh crore in April 2025</li></ul><h3> Highlights of Health Insurance business</h3><ul><li>Gross written premium (GWP) grew by 33% year-on-year to 4,940 crore</li><li>Market share among standalone health insurers (SAHI) increased by 137 basis points year-on-year to 12.6%&nbsp;</li><li>Combined ratio improved to 105% from 110% in FY25</li><li>One of the fastest SAHI player to achieve break even with fastest growing player.</li></ul> 1 Consolidated segment revenue and profit before tax; for Ind AS statutory reporting purpose Asset management, wellness business and health insurance are not consolidated and included under equity accounting.&nbsp;&nbsp;&nbsp; 2 Excluding gain on sale of shares in subsidiaries/associates&nbsp;

Aditya Birla Capital announces Q4FY25 and FY25 results

UltraTech Cement Limited is the cement flagship company of Aditya Birla Group. A USD 8.4 billion company, UltraTech is the largest manufacturer of grey cement, ready-mix concrete (RMC) and white cement in India. In 2025, UltraTech extended its footprint in the construction value chain, through wires and cables segment with a planned capital expenditure of ~ INR 1,800 crore over the next 2 years.UltraTech is the third largest cement company in the world, excluding China, with a consolidated production capacity of 154.86 Million Tonnes Per Annum (MTPA) of grey cement. UltraTech is the only cement company globally (outside of China) to have 100+ MTPA of cement manufacturing capacity in a single country. The Company’s business operations span UAE, Bahrain, Sri Lanka and India.UltraTech’s manufacturing footprint comprises of 24 integrated manufacturing units, one Clinkerisation unit, 33 grinding units and 8 bulk packaging terminals. With 316 Ready Mix Concrete (RMC) plants in 139 cities, UltraTech is the largest manufacturer of concrete in India. It has a slew of speciality concretes that meet specific needs of discerning customers.&nbsp;UltraTech’s Building Products business is an innovation hub that offers an array of scientifically engineered products to cater to new-age constructions. UltraTech is the leading player in the white cement segment in India and is retailed in the market under the brand name 'Birla White'. UltraTech has one white cement unit and three wall care putty units. UltraTech pioneered the UltraTech Building Solutions (UBS) concept to provide individual home builders with a one-stop-shop solution for building their homes. This is the first pan-India multi-category retail chain catering to the needs of individual home builders (IHBs). Currently, there are over 4400 UBS outlets in 23 states across India.UltraTech is also a founding member of Global Cement and Concrete Association (GCCA). It is a signatory to the GCCA Climate Ambition 2050 and has committed to the Net Zero Concrete Roadmap announced by GCCA. UltraTech is focused on accelerating the decarbonisation of its operations, and is the first company in India and the second company in Asia to issue dollar-based sustainability linked bonds. UltraTech works to actively contribute to the social and economic development of the communities in which it operates in. The Company’s social initiatives focus on education, healthcare, sustainable livelihoods, community infrastructure and social causes. UltraTech reaches out to more than 1.8 million beneficiaries in over 507 villages in 16 states across India.

<figure class="table"><table><tbody><tr><td>&nbsp;</td><td>Q4FY’25</td><td>Q4FY’24</td><td>FY’25</td><td>FY’24</td></tr><tr><td>Net Sales</td><td>22,788</td><td>20,069</td><td>74,936</td><td>69,810</td></tr><tr><td>PBIDT</td><td>4,721</td><td>4,250</td><td>13,302</td><td>13,586</td></tr><tr><td>PAT</td><td>2,482</td><td>2,258</td><td>6,039</td><td>7,005</td></tr></tbody></table><figcaption><span style="line-height:107%;mso-ansi-language:EN-IN;mso-bidi-language:AR-SA;mso-fareast-font-family:Aptos;mso-fareast-language:EN-US;mso-fareast-theme-font:minor-latin;mso-font-kerning:0pt;mso-ligatures:none;">Consolidated (Rs. Crores)</figcaption></figure>The Composite Scheme of Arrangement between Kesoram Industries Limited, the Company and their respective shareholders and creditors is effective from 1st March, 2025. The Appointed Date being 1st April, 2024, previous year figures have been restated in accordance with the provisions of IndAS. &nbsp;<h3>Leading with Scale, Growing in Strength and Winning with Purpose</h3>UltraTech Cement Limited today announced its financial results for the quarter and year ended 31st March, 2025.The Company’s consolidated sales volumes reached 41.02 ml mt for the quarter, growing by 17%. Excluding acquired assets, operating EBITDA/mt was Rs.1,270/mt, up 7% YoY and 32% QoQ. The Company also achieved over 1GW capacity of renewable power installations, making UltraTech one of the first industrial companies in India to commission 1 Gigawatt of Renewable Energy capacity for captive use. &nbsp;<h3>FINANCIALS</h3><h4> Q4FY2024-25</h4>Consolidated Net Sales was Rs. 22,788 crores, vis-à-vis Rs. 20,069 crores in the corresponding period of the previous year. Profit before interest, depreciation and tax was Rs. 4,721 crores compared to Rs. 4,250 crores in the corresponding period of the previous year. Profit after tax was Rs. 2,482 crores compared to a profit Rs. 2,258 crores in the corresponding period of the previous year.<h4>FY2024-25</h4>The Company achieved sales volumes of 135.83 ml mt for the year, one of the highest globally (excluding China). Consolidated Net Sales for the year reached Rs. 74,936 crores, up from Rs. 69,810 crores last year. Profit before interest, depreciation, and tax was Rs. 13,302 crores, a slight decrease from Rs. 13,586 crores in the previous fiscal year. UltraTech added 42.60 mtpa through organic and inorganic growth during FY25, resulting in profit after tax decreasing to Rs. 6,039 crores from Rs. 7,005 crores due to increased interest and depreciation. &nbsp;<h3>OPERATIONS</h3>Energy costs were lower by 14% YoY, mainly on account of decrease in fuel cost which was Rs.881/t in Q4FY25 compared to Rs.1025/t in Q4FY24. Effective capacity utilization was 89% during the quarter and 78% for the full year. &nbsp;<h3>DIVIDEND</h3>The Board of Directors at their meeting held today have recommended a dividend of 775%&nbsp;at the rate of Rs.77.50/- per equity share of face value of Rs.10/- per share, aggregating Rs.2,283.75 crores. In terms of the provisions of the Finance Act, 2020, the dividend shall be taxed in the hands of shareholders at applicable rates of tax and the Company shall withhold tax at source appropriately. &nbsp;<h3>CAPEX</h3>UltraTech’s expansion program is progressing as per schedule.As part of its ongoing capacity expansion program, UltraTech commissioned 17.40 mtpa capacity across several locations in the country during FY25. It also set up its first bulk terminal in Uttar Pradesh at Lucknow with a capacity to handle 1.8 mtpa of cement.UltraTech’s domestic grey cement capacity has increased to 183.36 mtpa, on a consolidated basis. Together with its overseas capacity of 5.4 mtpa, the Company’s global capacity stands at 188.76 mtpa.As India’s leading cement player, UltraTech is well placed to support the country in its exciting growth journey ahead. &nbsp;<h3>CORPORATE DEVELOPMENT</h3>Upon receipt of unconditional approval from the Competition Commission of India, UltraTech acquired the equity stake of the erstwhile promoters and members of the promoter group of The India Cements Limited (“ICEM”), resulting in ICEM becoming a subsidiary company with effect from 24th December, 2024. Additionally, UltraTech made an open offer to the public shareholders of ICEM to acquire equity shares representing 26% of ICEM’s equity share capital. Consequently, UltraTech’s total shareholding in ICEM stands at 25,25,29,160 equity shares of Rs.10/- each, representing 81.49% of ICEM’s equity share capital.The Composite Scheme of Arrangement between Kesoram Industries Limited (“Kesoram”) and the Company became effective from 1st March, 2025. The Appointed Date of the Scheme is 1st April, 2024 from which date Kesoram’s Cement Business stands transferred to and vested in the Company as a going concern. In terms of the Scheme, UltraTech allotted 59,74,301 equity shares of Rs. 10/- each to shareholders of Kesoram in the ratio of 1 (one) equity share of Rs. 10/- each of the Company for every 52 (fifty-two) equity shares of Rs. 10/- each held in Kesoram.In a separate development, UltraTech’s Board approved acquisition of 6,42,40,000 equity shares of Rs. 10/- each of Wonder WallCare Private Limited (“Wonder WallCare”), engaged in the manufacture of wall putty and related products for an Enterprise Value not exceeding Rs. 235 crores. Upon completion of the acquisition, Wonder WallCare will become a wholly-owned subsidiary of the Company. &nbsp;<h3>SUSTAINABILITY</h3>UltraTech was awarded in the “Circular Business Model-Matured category” within the Indian cement industry at the first Global Symposium and Awards on Resource Efficiency and Circular Economy, hosted by FICCI. The symposium's theme was “Scaling Resource Efficiency &amp; Circular Economy: Pathway for Global Sustainability.” UltraTech demonstrated effective resource utilisation and significant contributions to enhancing resource efficiency and the circular economy through innovative initiatives, digitalisation, and technology interventions. UltraTech prioritises material circularity to address issues such as overutilisation of resources, rising costs of natural raw materials, and waste disposal. By using alternative fuels and raw materials in its manufacturing processes, UltraTech reduces the use of natural resources and minimizes landfill waste, thus conserving natural resources and lowering environmental impacts.Continuing its stated commitment towards enhancing environment conservation measures,&nbsp;UltraTech added 269 MW of renewable power during the quarter. Combined with its 342 MW in Waste Heat Recovery Systems (WHRS), UltraTech’s total green energy capacity has now reached 1.363 GW, which will cover about 46% of UltraTech’s current power needs. &nbsp;<h3>GOING FORWARD</h3>Given the government’s focus on infrastructure and housing projects, along with increased rural and urban demand, a sustainable volume growth of 7- 8% is expected, going forward.While the sector may face short-term challenges, the long-term outlook is indicating signs of improvement with stable demand likely to support growth.

UltraTech Announces Q4 FY2025 Results

The strategic decision aims to accelerate <a href="/businesses/companies/ultratech-cement-limited/">UltraTech Cement’s</a> expansion in the white cement based putty and value added products’ segment.The Company’s Board of Directors at its meeting held today, approved the purchase of 100% equity of Wonder WallCare at an Enterprise Value not exceeding Rs. 235 crores. The Company has executed a Share Purchase Agreement with the existing shareholders of Wonder WallCare. The deal is expected to close in the next 90 days, subject to applicable regulatory approvals and compliances.This acquisition gives UltraTech, access to a new state-of-the-art 6 lac MT per annum manufacturing plant for wall putty and related products at Rajsamand - Nathdwara, Rajasthan. The plant is situated at the pithead of large high quality raw material reserves, and in close proximity to the Company’s existing putty manufacturing facilities in Rajasthan. Constructed in 2022-23, this plant is one of the largest single-location putty manufacturing sites in India, with a capability to ramp up its capacities in future. This acquisition will help the Company expand its putty and Value-Added Products’ production capacity, in the highly competitive and fragmented putty manufacturing market in India.With the rapid pace of urbanisation and growing real estate construction in India, alongside Hon’ble Prime Minister, Shri Narendra Modiji’s vision of ‘Make in India’ and ‘Atmanirbhar Bharat’, this acquisition aligns well with the Company’s strategy to support high quality real estate and contribute to infrastructure, manufacturing and economic growth.

UltraTech Cement to acquire Wonder WallCare

The amalgamation of Aditya Birla Capital’s wholly owned subsidiary with itself comes into effect from April 01, 2025, and the process has been completed, post requisite shareholders’ and regulatory / statutory approvals.<a href="/businesses/companies/aditya-birla-capital-limited-abcl/">Aditya Birla Capital Limited (ABCL)</a>, at its board meeting held on 31 March 2025, has announced the successful completion of the amalgamation of its wholly owned NBFC subsidiary, Aditya Birla Finance Ltd. (“ABFL”) with itself, vide the Order of Hon’ble National Company Law Tribunal (“NCLT”), Ahmedabad Bench, dated March 24, 2025. The Scheme of Amalgamation (“Scheme”) is effective from April 01, 2025, and the appointed date for the Scheme was April 01, 2024.The respective board of directors of ABCL and ABFL had approved the proposed scheme of amalgamation on March 11, 2024, and the process has been completed after receiving requisite approvals from shareholders, creditors, and regulatory / statutory authorities including the Stock Exchanges, Securities and Exchange Board of India (SEBI), Reserve Bank of India (RBI) and the National Company Law Tribunal (NCLT).The Board of Directors has also approved the appointment of Ms. Vishakha Mulye as the MD &amp; CEO and Mr. Rakesh Singh as the Executive Director and CEO (NBFC) of the amalgamated entity. These appointments are subject to regulatory and other requisite approvals.In addition, the Board has approved the appointment of Mr. Nagesh Pinge and Mr. Sunil Srivastav as Independent Directors of the Company.Commenting on the announcement, <a href="/our-story/leadership/mr-kumar-mangalam-birla/">Mr. Kumar Mangalam Birla</a>, Chairman Aditya Birla Group said, “India has shown remarkable economic ascent in recent years, with financial services playing a pivotal role in driving this progress. In line with the nation’s growth, Aditya Birla Capital has significantly expanded in scale and size, establishing itself as a core growth engine for the Aditya Birla Group. I am confident that the combined strength of our diversified financial products and services will enable us to accelerate growth, drive financial inclusion and be a key contributor to India’s vast economic growth opportunities.”Ms. Vishakha Mulye, CEO, Aditya Birla Capital said, “The successful completion of this amalgamation marks a significant step in our transformative growth journey, increasing our strength and agility as a unified larger operating entity. With a simplified corporate structure, we now have better access to capital to drive operational synergies, long-term growth and enhanced value creation for all stakeholders. We remain focused on simplifying finance and providing comprehensive financial solutions that meet our customers' diverse needs, while paving the way for ABCL’s next phase of growth.”The rationale and benefits of the proposed amalgamation are as follows:<ol><li>Rationalization and simplification of group structure: The amalgamation has resulted in reduction of legal entities and simplification of the group structure of ABCL.</li><li>Improved financial stability: ABCL will be converted from a Core Investment Company to an operating NBFC, and this will create a unified larger entity with greater financial strength and flexibility enabling direct access to capital. This will also help the Company maximise its share of opportunities by efficient utilisation and allocation of capital.</li><li>Likely stakeholder value enhancement: The amalgamation has led to consolidation of businesses and operational synergies, resulting in expansion and long-term sustainable growth. This will enhance the value for various stakeholders of the Company.</li><li>Increased operational efficiency: The amalgamation has led to seamless implementation of policy changes and reduction in the multiplicity of legal and regulatory compliances.</li></ol> As of December 31, 2024, Aditya Birla Capital Limited manages aggregate assets under management of over Rs. 5.03 Lakh Crore with a consolidated lending book of over Rs. 1.46 Lakh Crore and gross written premium of Rs. 16,942 Crore in Life and Health insurance businesses in 9M FY25. It reported a consolidated revenue of Rs. 28,376 Crore and a consolidated profit after tax of Rs. 2,468 Crore in 9M FY25. The Company has a pan-India presence with 1,482 branches across all businesses and more than 200,000 agents / channel partners along with several bank partners, as of December 31, 2024.

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